0 bed Block of flats (for sale) Lockington Road, London SW8

£5,369,900
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Vesta Property
Aston House, Cornwall Avenue, London,
020 8115 4124
First Published

1st Dec 2020

Last Published

5th May 2022

 

Features

  • Type: Block of flats
  • Bedrooms: 0
  • Listing status: sale
  • Country: England

Description

This is an investment opportunity to purchase a 6-unit portfolio in London generating £163,280 rent pa. All apartments are located in the same building.

The vendor is open to selling individual units, please get in touch if you are interested

Portfolio information:

- 6 apartments in the same block
- There are 2 apartments on the 6th, 8th and two apartments on the 11th floor
- Each apartment has 2 bedrooms and 2 bathrooms
- EPC ratings B
- Each apartment comes with the following specifications:
* Open plan kitchen/reception room
* Sunroom with views over London accessed via the kitchen
* Main bedroom comes with ensuite bathroom and built-in wardrobe
* There is ample storage in the hallway
* Underfloor heating throughout
* Mechanical ventilation system
* Video entry system & CCTV in all communal and external areas
* Concierge service
* Lift access to all floors
* Access to private residents-only gym
* Secure cycle storage
- The property is managed by a third party

Rental income:

- Aggregate monthly rental income: £13,606.68
- Aggregate annual rental income: £163,280.16
- Aggregate gross yield: 3%

Location information:

- The properties are located in the heart of Battersea in the Nine Elms area
- Nine Elms is a transformative regeneration project which will encompass living, shopping, work, school and leisure
- Battersea Park railway & Overground station and Queenstown Road railway station are a short walk away
- Battersea Park is around a 6-minutes walk from the properties

Available upon request:

- Portfolio breakdown
- Leasehold breakdown per unit
- EPCs for all units

 

Local info for SW8

Floor plan

 

Property Value Data/Graphs for SW8

Property Type % Avg. current value Avg. # beds Avg. # bathrooms
Flat 88.4% £1,362,894 2 1.7
Studio 6.2% £700,319 0.2 0.9
Other 1.7% £876,990 2.9 1.7
Terraced house 1.3% £1,028,333 4 1.8
Maisonette 0.9% £638,182 2.2 1.1
Mews house 0.4% £1,246,000 1.6 1.6
End terrace house 0.3% £1,218,750 3.3 2
Houseboat 0.2% £270,000 0.5 0.5
Villa 0.2% £7,975,000 3 4
Detached house 0.2% £872,500 3 1
Semi-detached house 0.2% £1,125,000 3 1.5
Town house 0.1% £1,000,000 5 3
Block of flats 0.1% £5,369,900 0 0

Area Information

Average Price Paid

£692,048

Sales

2513

Current Average Value

£1,313,137

Value Change

£621,089 89.7%

 

Current Asking Prices in SW8 Average: £1,313,137

Property Type 1 Bed 2 Beds 3 Beds 4 Beds 5 Beds
Houses £782,929 (14) £1,011,359 (11) £1,560,433 (23) £1,088,325 (6) £1,288,990 (5)
Flats £687,883 (277) £1,008,372 (555) £2,131,388 (169) £5,152,767 (33) £6,513,348 (20)
All £692,456 (291) £1,008,430 (566) £2,062,993 (192) £4,527,468 (39) £5,468,476 (25)

Nearby Properties

0 bed Block of flats () Hyde Park, London W2 £175,000,000
12 bed Terraced house () Belgrave Square, Belgravia SW1 £124,500,000
14 bed End terrace house () Berkeley Square, Mayfair W1J £57,500,000
0 bed () Brook Street, London W1K £46,000,000
5 bed Flat () Grosvenor Square, Mayfair, London W1K £38,500,000
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